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Korea logs 63rd consecutive trade surplus in AprilMay 15, 2017South Korea posted a trade surplus for 63 straight months in April on a steady recovery in exports, customs data showed Monday. The country's trade surplus came to $13 billion last month, up from a ... -
Moon expected to set up new control tower for industrial restructuringMay 15, 2017The Moon Jae-in administration is expected to set up a new control tower for industrial restructuring as soon as its new Cabinet takes shape, inside sources said Monday. President Moon's official ca... -
1 in 5 employees work 54 hours or longer per weekMay 15, 2017One in five South Korean employees work 54 hours or longer a week with the downtrend in weekly work hours losing steam in the 2010s, government data showed Monday. According to the data by Statistic... -
Listed companies increase facility investments in Q1May 14, 2017Facility investments by listed companies showed signs of recovery in the first quarter this year, increasing 25.9 percent from the same period last year, a tally from the Korea Exchange on Sunday sho... -
AMCHAM to promote benefits of Seoul-Washington FTA in USMay 14, 2017US businesses based in South Korea said Sunday they will send a delegation to the White House this month to promote the benefits of the free trade agreement between Seoul and Washington as the Donald... -
More Korean women economically active in 2017: dataMay 13, 2017The rate of South Korean women either working or actively searching for jobs reached a record high in 2017, data showed Saturday, thanks to a rising number of married women returned to the job market... -
Korea's sovereign fund earns $4b last yearMay 12, 2017Korea Investment Corp., South Korea's sovereign wealth fund, said Friday it posted $4 billion in investment gains last year. The sovereign fund -- which handles $110.8 billion in assets under manage... -
![[Herald Interview] ‘Uncertainty Korea’s biggest economic challenge’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/05/12/20170512000706_0.jpg)
[Herald Interview] ‘Uncertainty Korea’s biggest economic challenge’May 12, 2017Export-reliant Korea’s overall economic growth in past years has been clouded by a prolonged weakness in global trade, a report by the United Nations Economic and Social Survey of Asia and the Pacifi... -
![[Moon in Office] Sharp rise in housing prices unlikely: experts](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/05/12/20170512000730_0.jpg)
[Moon in Office] Sharp rise in housing prices unlikely: expertsMay 12, 2017The Korea Herald is publishing a series of articles delving into the economic policies and tasks expected of the new Moon Jae-in administration. This is the third installment -- Ed. South Korea’s ho... -
President vows to remove all non-regular jobs in public sectorMay 12, 2017President Moon Jae-in on Friday reaffirmed his pledge to create hundreds of thousands of quality jobs in the public sector, vowing to turn all non-regular job openings in the public sector to regular... -
China invites Korea to economic development forumMay 12, 2017China has invited South Korea to join a forum on Beijing's regional economic development plan in what appears to be a move to mend the bilateral relationship following the inauguration of new Preside... -
Govt. to set aside supplementary budget for job creationMay 12, 2017The finance ministry said Friday that it will set aside a supplementary budget to help create jobs, a key campaign pledge of Presidential Moon Jae-in. "We will create jobs through aggressive macroec... -
![[Monitor] Korea’s tourism deficit hits 10-year high](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/05/11/20170511000861_0.jpg)
[Monitor] Korea’s tourism deficit hits 10-year highMay 11, 2017South Korea’s tourism industry recorded a deficit of $3.74 billion as of the end of March, marking a nearly decadelong record high, due largely to drop in Chinese visitors following the ban of Korea-... -
Unemployment hits 17-year highMay 11, 2017Both employment and unemployment rates climbed last month -
Korea's exports rise 4.5% in first 10 days of MayMay 11, 2017South Korea's exports increased 4.5 percent in the first 10 days of May from a year earlier on brisk overseas sales of petroleum products and semiconductors, latest customs data showed Thursday. Tot...
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